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20130225
20130225
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CNBC 2
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CNBC
Feb 25, 2013 12:00pm EST
trade, mandy drury is manning the futures now desk. >> of course the move higher comes just a day before bernanke's beginning his testimony to congress. the big question here is can the fed save gold. let's start talking futures now. what are the gold bugs hoping to hear tomorrow? >> they want to hear that the economy is not strong enough to stand on its own and that qe is going to continue. but really it is the uncertainty of what he is going to say tomorrow, uncertainty about the sequester an what's coming out of the uk where they were drown graded by moody's. that's driving gold higher today. >> i would also like to know how much of today's price might just and short squeeze. how big of a resistance with the $1,600 a ounce be? >> there is an element of short squeeze but the short squeeze was started by concern over the chairman's speech tomorrow and whether he will reengage in the currency war. up to this point it seemed like they'd been a lag gagard in thi. i'd like to have seen more after bottom form over the last few days. today a bear pattern turned into a reversal pattern. the $1
CNBC
Feb 25, 2013 6:00pm EST
for watching. i'm mandy drury sitting in for melissa lee. "mad money" with jim cramer starts right now. go out of business. he's nuts! they're nuts. they know nothing. i like to say there's a bull market somewhere. "mad money" you can't afford to miss it. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm trying to save you money. my job is not just the entertain, but teen how you think things can happen. call me at 1-800-743-cnbc. look, we learned something vital about the stock market this very morning. something we have to remember always. even as ultimately the averages got completely pole axed by the end of the day. the dow sinking 268 points. the s&p giving up 1.83%. and nasdaq declining, it was the worst day around here in three months. but what did we learn about this morning? because that's what i want to focus on. well, we learned there's always a better time to sell than into the teeth of a sell-off. like the sell-off we had last week or the one we had toward the closing bell. when the dow fell an astounding 150 points on almost
Search Results 0 to 1 of about 2